Independent report finds Ford’s climate policy will cost families more, boost profits for corporations
A new report has found that Doug Ford’s climate change policies will cost the average Ontario resident twice as much as the plan he cancelled. At the same time, it will save money for the province’s biggest polluters.
Released Tuesday, a study from environmental think-tanks Clean Prosperity and EnviroEconomics says that the new PC climate plan is twice as expensive as federal pollution pricing – for each tonne of carbon removed, the Ontario plan will cost $62, instead of costing $32 under the federal pollution pricing and rebate plan.
The Tories’ plan to target certain industries for emissions reductions would cost $334 million by 2022. By contrast, the current federal carbon tax will cost $214 million by that time, or $40 per tonne.
Many of these additional costs will be absorbed by regular Canadians, raising household expenses in Ontario by an average $80 in 2022, rising to $154 in 2030. While ordinary people shoulder the burden of the new climate plan, large emitters will be overcompensated by $298 million in 2022 and $78 million in 2030.
The PC government is also currently spending $30 million of taxpayer money on advertising to promote their policy and criticize pollution pricing.
Meanwhile, federal NDP leader Jagmeet Singh has indicated his party will take significant initiatives to combat climate change if elected, saying last week that he will implement a “bold” energy efficiency retrofit program for every building in Canada by 2050. He has also pledged to create a “climate bank” by eliminating subsidies for the fossil fuel industry and diverting that money to a publicly owned entity which would invest in renewable technologies and businesses that reduce emissions.
Prime Minister Trudeau has also announced that the federal government will continue to work closely with municipalities to combat the effects of climate change and extreme weather events, even if individual provinces such as Ontario are not cooperating.
The City of Toronto’s Resilience Officer Elliott Cappell launched the city’s first “resilience strategy” Tuesday, which aims to help residents cope as climate change increases inequality and impacts Toronto’s most vulnerable residents.
The plan comes as Toronto sees an increase in heatwaves, flooding, severe storms and extreme cold. Toronto is the country’s second city to announce a resilience plan, with Montreal releasing their strategy almost one year ago.